ROSANCO: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
ROSANCO
Largest movements
- Stocks and contracts -€26,252
down €26,252 (-17.1%), from €153,251 to €126,999
of which Contracts in progress: -€25,000
- Cash +€24,690
up €24,690 (+60.6%), from €40,718 to €65,408
mainly Stocks and contracts (+€26,252) and Depreciation (+€21,113)
- Tangible fixed assets -€21,113
down €21,113 (-7.9%), from €266,144 to €245,031
of which Land and buildings: -€12,557
- Receivables within one year +€14,817
up €14,817 (+17.7%), from €83,662 to €98,479
of which Trade receivables: +€15,059
- Debts after one year -€28,147
down €28,147 (-14.6%), from €193,078 to €164,931
- Reserves +€14,089
up €14,089 (+12.6%), from €111,428 to €125,517
- Other debts +€5,480
up €5,480 (+4.1%), from €132,337 to €137,817
- Gross operating margin +€16,481
up €16,481 (+31.7%), from €52,020 to €68,501
- Taxes +€6,278
up €6,278 (+205.1%), from €3,061 to €9,339
- Depreciation -€1,968
down €1,968 (-8.5%), from €23,081 to €21,113
- Financial charges +€1,063
up €1,063 (+7.7%), from €13,775 to €14,837
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €545,381 | €539,556 | -€5,824 | -1.1% |
| Fixed assets | 21/28 | €266,144 | €245,031 | -€21,113 | -7.9% |
| Tangible fixed assets | 22/27 | €266,144 | €245,031 | -€21,113 | -7.9% |
| Land and buildings | 22 | €237,073 | €224,516 | -€12,557 | -5.3% |
| Plant, machinery and equipment | 23 | €300 | €0 | -€300 | -100.0% |
| Leasing and similar rights | 25 | €28,772 | €20,516 | -€8,256 | -28.7% |
| Current assets | 29/58 | €279,236 | €294,525 | +€15,289 | +5.5% |
| Stocks and contracts in progress | 3 | €153,251 | €126,999 | -€26,252 | -17.1% |
| Stocks | 30/36 | €38,251 | €36,999 | -€1,252 | -3.3% |
| Contracts in progress | 37 | €115,000 | €90,000 | -€25,000 | -21.7% |
| Amounts receivable within one year | 40/41 | €83,662 | €98,479 | +€14,817 | +17.7% |
| Trade receivables | 40 | €74,510 | €89,569 | +€15,059 | +20.2% |
| Other amounts receivable | 41 | €9,152 | €8,910 | -€242 | -2.6% |
| Cash at bank and in hand | 54/58 | €40,718 | €65,408 | +€24,690 | +60.6% |
| Deferred charges and accrued income | 490/1 | €1,605 | €3,638 | +€2,034 | +126.7% |
| Total equity and liabilities | 10/49 | €545,381 | €539,556 | -€5,824 | -1.1% |
| Equity | 10/15 | €154,048 | €168,138 | +€14,089 | +9.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €111,428 | €125,517 | +€14,089 | +12.6% |
| Distributable reserves | 133 | €111,428 | €125,517 | +€14,089 | +12.6% |
| Profit (loss) carried forward | 14 | €22,620 | €22,620 | = | 0.0% |
| Amounts payable | 17/49 | €391,332 | €371,419 | -€19,914 | -5.1% |
| Amounts payable after more than one year | 17 | €193,078 | €164,931 | -€28,147 | -14.6% |
| Financial debts | 170/4 | €193,078 | €164,931 | -€28,147 | -14.6% |
| Amounts payable within one year | 42/48 | €197,898 | €206,488 | +€8,590 | +4.3% |
| Current portion of amounts payable after more than one year | 42 | €26,908 | €28,147 | +€1,239 | +4.6% |
| Trade debts | 44 | €38,239 | €36,031 | -€2,208 | -5.8% |
| Suppliers | 440/4 | €38,239 | €36,031 | -€2,208 | -5.8% |
| Taxes, remuneration and social security | 45 | €414 | €4,492 | +€4,078 | +985.2% |
| Taxes | 450/3 | €414 | €2,681 | +€2,267 | +547.7% |
| Remuneration and social security | 454/9 | - | €1,811 | +€1,811 | |
| Other amounts payable | 47/48 | €132,337 | €137,817 | +€5,480 | +4.1% |
| Accrued charges and deferred income | 492/3 | €356 | €0 | -€356 | -100.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €65 | €0 | -€65 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,081 | €21,113 | -€1,968 | -8.5% |
| Other operating charges | 640/8 | €6,106 | €5,911 | -€195 | -3.2% |
| Gross operating margin | 9900 | €52,020 | €68,501 | +€16,481 | +31.7% |
| Operating profit (loss) | 9901 | €22,768 | €41,477 | +€18,709 | +82.2% |
| Financial income | 75/76B | €92 | €45 | -€46 | -50.3% |
| Recurring financial income | 75 | €92 | €45 | -€46 | -50.3% |
| Financial charges | 65/66B | €13,775 | €14,837 | +€1,063 | +7.7% |
| Recurring financial charges | 65 | €13,775 | €14,837 | +€1,063 | +7.7% |
| Profit (loss) for the period before taxes | 9903 | €9,085 | €26,685 | +€17,600 | +193.7% |
| Income taxes | 67/77 | €3,061 | €9,339 | +€6,278 | +205.1% |
| Profit (loss) for the period | 9904 | €6,024 | €17,347 | +€11,322 | +188.0% |
| Profit (loss) for the period to be appropriated | 9905 | €6,024 | €17,347 | +€11,322 | +188.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.